An option is a cost-effective way for a producer to develop a property (like a lease to own

Name: An option is a cost-effective way for a producer to develop a property (like a lease to own
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Quizplus · Accepted Answer

An option gives a producer the right, but not the obligation, to develop a property within a specified period, allowing them to secure the rights at a lower initial cost compared to outright purchase, similar to a lease-to-own arrangement.

An Option Is a Cost-Effective Way for a Producer to Develop